Janus International Group, Inc. (NYSE:JBI) Stock Position Decreased by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 82.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,300 shares of the company’s stock after selling 385,200 shares during the period. Two Sigma Advisers LP owned 0.06% of Janus International Group worth $598,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its position in Janus International Group by 216.2% in the 3rd quarter. Barclays PLC now owns 235,897 shares of the company’s stock worth $2,385,000 after purchasing an additional 161,290 shares during the last quarter. Group One Trading LLC grew its position in Janus International Group by 9,000.0% in the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company’s stock worth $67,000 after purchasing an additional 9,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Janus International Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company’s stock worth $593,000 after purchasing an additional 2,890 shares during the last quarter. Principal Financial Group Inc. grew its position in Janus International Group by 15.0% in the 4th quarter. Principal Financial Group Inc. now owns 210,375 shares of the company’s stock worth $1,546,000 after purchasing an additional 27,499 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Janus International Group in the 4th quarter worth about $6,797,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Up 1.6%

Janus International Group stock opened at $8.04 on Wednesday. The firm has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $7.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The stock has a market capitalization of $1.13 billion, a PE ratio of 11.16 and a beta of 1.20. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $200.73 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business’s revenue was down 17.3% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group declared that its board has initiated a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, KeyCorp upped their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Janus International Group presently has a consensus rating of “Hold” and an average target price of $10.00.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.